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the first line of defense, i mean, i think we have sort of a tripartide line of defense. we start off with very expensive and sophisticated monitoring at a much higher level and much more comprehensively than we've had in the past. then we have supervisionary regulation, where we work with other agencies to try to cover all the empty or uncovered areas in the financial system. and then in addition, we try to use communication and similar tool s tools to effect the way that financial markets respond to monetary policy. so we do have some first lines of defense, which i think should be used first. that being said, you know, i think that given the problems that we've had, not just in the united states, but globally, in the last 15, 20 years, that we need to at least take into account these issues, as we make monetary policy. and i think most people would agree with that. what that means, exactly, depends on the circumstances. i think if the economy is in very weak condition and interest rates are very low for that purpose, it's very difficult to contemplate raising rates a lot, because y
to be probe more defensive in nature than cyclical. we're going to see a little bit of pause in the preference for risk assets, given concerns in cyprus, also some weak economic data coming out of germany. so, clearly, we're going to have a little bit of pause in risk. you're going to see some of the more defensive asset classes, health care, other high dividend-paying sectors, potentially doing better in the near-term. however, for the rest of the year, i continue to think that more cyclically sensitive industrials like technology can do better. >> and what do you think about -- >> i think there's got to be more offense. >> go ahead, say it again. >> maria, i think there's got to be more offense. that the auto and housing story is still in tact. that the energy infrastructure story for the u.s. is very much in tact. dresser and trinity are two plays there, and those are stocks we've talked about throughout this year. and they're going to be the stocks we're talking about in december of this year still. >> maria, i agree you have to play -- >> go ahead. >> i agree that you want to be playing o
's outperforming. i think there's a lot of monies going toward these defensive plays. yet the small caps are marching to their own tune, drum beat. that's a sector we continue to favor. >> alan valdes, what do you expect this week? we've got a holiday. cyprus, too. >> i think you keep your eye on cyprus. see if there's a run on the banks. otherwise a slow week. news is going to be kind of slow unless it's coming out of europe. we've got a short week, too. i think we'll trend here and probably trend up later on in the week. >> see what happens. thank you, all. dani, thanks for sticking around. >>> meantime, the s&p did shy away from its record high hit in october of 2007. has the dow pulled back from that new intraday high. let's get josh lipton to break down for us the day's winners and losers. >> bill, let's review what ended in the green and in the red in today's session. notable winners today, apollo group. your best performing stock in the s&p 500. apollo besting expectations and planning to buyback up to 250 million of its stock. other gainers today, cliffs natural resources. mcgraw
like that. gl this is really the defense of marriage act you're talking about. >> right. so the problem is -- the two cases are already related. states have already decided people can get married. the question is what is the federal government going to do about that? are you going to have separate rights for different states? i don't think that's really allowed. if you look at the disabilities community, race, gender -- there are not many cases where the states have said, go ahead, some states can discriminate, and some can't. >> is it possible the court -- and i raise this point. you raised roe v. wade, and i think that's a good point. we didn't have to do it that way, but we did. state by state, american institutions, i thought that was the democratic way. on the other hand, the defense of marriage act looks more vulnerable, for the reason that governor dean mentions, spousal benefits and all that. the but the court could rule differently. no defense of marriage act, and then send the same-sex marriage back, essentially california's prop 8, send those cases back to the states, either
of the eu bailout. meanwhi meanwhile, the german finance minister has rushed to the defense of a highly unpopular tax. the move was necessary to keep cyprus from sharing in the burden of a eu bailout. and uncertainty over the outcome of the vote in nicosia continues to weigh on markets. cyprus said its stock exchange will trading until thursday. cypriot banks have been placed on negative watch. carolin roth is reporting now for us. the latest we're hearing is that the vote may not happen today. what can you tell us? >> absolutely. there are a lot of moving parts still, kelly. this is a very fluid situation. the vote is scheduled to happen at 6:00 p.m. local time. there has been no official cancellation on part of the government. but, again, a government spokesperson at the same time also saying that it's very unlikely at this point that the vote will actually go through. that is, of course, because no single party has a clear majority in parliament, not even the ruling party under president anasatias. the ruling party says it may not want to vote with the proposal and it's coming out wi
the lowest since november 22nd. we're also hearing that the british ministry of defense is airlifting about a million euros to be distributed because the banks remain closed in cyprus. >> bertha, thank you very much. another story involving fake facebook shares. scott cohn has been looking into it. >> the facebook ipo and how hyped it was, how everybody wanted to get their hands on the pre-ipo shares. a man, 71 of florida, allegedly told investors that he had shares and raised about $8 million, it was all a ponzi scheme. he's charged in a four-count criminal complaint as well as a civil suit by the security and exchanges commission. could face up to 20 years in prison. he claimed he had pre-ipo shares of linkedin and zynga and groupon, none of which he had. he was arrested in florida, charged in new york and will likely be back up here for a court appearance. >> nice little game he had going for a while. >> for a while. >> scott cohn, thank you very much. >> sue? >> now to the cnbc exclusive fed survey and it deals with the "r" word, recession. steve liesman has more details on that. hi, st
're becoming more pro-cyclical, if you will, as opposed to defensive. because valuations, again, we think offer a tremendous amount of support. and if we see any kind of uptick in activity, let alone confidence restored in the current level of activity, that should be good for things like materials as well as industrial sector. in addition, energy continues to look attractive. so, again, a very pro-cyclical stance, but one we think is very appealing from a value situation standpoint. >> okay. and in terms of sectors leading growth, same question to you both. what do you think? >> we're going to add on to that list. things like the regional financials the that have exposure to the reshoring of manufacturing and the energy sector. i think energy drives a lot of interesting peripheral activity. strengthen the rails and other transports, we think will also be beneficiaries here, as well as infrastructure play as well as mlps. >> do you agree with that? >> i like health care, but i also like consumer, and even though the consumer doesn't have as much confidence as they had before, i think in terms o
we get some kind of real persistent outperformance. >> you remain defensive? >> you say emerge marketing can't get a bid? >> they can't outperform the s&p. you've seen clear strength in the qe countries of japan and the u.s. everything else has been outperforming. >> lee munson, what do you make of what went on with fedex and the transports this week? for a long time, we kept seeing the transports and the industrials side by side rallying. they've broken down. do you worry about that? >> i don't, because you have to remember, maria, since the beginning of the year, the transports have been up about, you know, 4% or 5% against the s&p. they're just coming down a little bit. i think it's a little profit taking. i'm not concerning that investors should be worried that the transports are going to be negative this week. it doesn't mean you go back to dow theory and it's the end of the rally. so i would ignore that for this week, at least. >> rick santelli -- who said that, peter? >> me, i agree totally about the transports. i think this is just a blip in the -- in our year move. >>
positive just fractionally in the dow industrials. look at the major sector, sue, slightly more defensive. so telecom and utilities and consumer staples. look at the financials, sue. they were down more than 1% as a group but now only only fractionally if you look at the big banks, citi group has significant exposure to europe. the regional banks are all just down fractionally today. the dow stocks are up, big international names. caterpillar, for example, pfizer, all the major tech names, lieu hugh let, microsoft, intel, all positive. volume is on the light side, believe it or not. not the money flowing in or flowing out. at number two, well off our lows in the middle of the day. >> thank you, bob pisani. in your morning notes, you went, it's back. now everyone is focused not just on cyprus but the ripple effects. >> that's true. you saw that concern last night starting in asia and it went over into europe. rightly so because, as bob said, it brings in to trust, what are really the banks -- what's the purpose of the bank. we'll with their risk in the money in the bank you can only imagin
at the major sectors. 2-1 advancing declining to stocks. slightly more defensive tone of the market. when you get health care and consumer staples up there in the market leaders, that's a slightly more defensive tone. health care just went negative as you can see there. take a look at the earnings situation. mike ron for once didn't complain about pricing. we saw some nike on the upside as well, and tiffany also as well on their earnings report. oracle, fedex, caterpillar, that's going to weigh on the markets. here we are for the quarter. five trading days. you know what's remarkable to me, simon. back a year or two ago uncertainty in cyprus would have been a down day. they would have known what we're going to happen. call everybody and we think there's going to be a resolution over the weekend so the psychology is flipped around to the idea that it's going to be resolved. >> europeans have got their act together as well. we didn't know if they were asleep on the job. >> thank you very much. >> technicians are getting excited about apple. let's head down to the nasdaq. seema modi has all the
. they're a good defense. >> wow. >> but i was 14-2 yesterday. >> i was not. >> you're 10-4. that's not bad. 14-2. oh, 10-6. i'm sorry. >> that's okay. >> but still, today, i got cincinnati, i got iowa state. >> i played too safe with a lot of these. >> you can't -- you have to play it safe. it's stupid to try to go against like a -- >> you are beating me because you didn't play it safe. >> no, i did. i took almost all the -- >> yeah, but he the ones you didn't take are the ones you wron on. >> new mexico, that's going to hurt me. the last thing i was expecting, harvard. the world is umdz upside down. >> are these the bear cats or something? >> no. that's crimson. >> reminds me of the crimson tide. >> a long way from that. good luck, harvard. but whether cramer comes on today, we have to ask him. that's going a long way for school pride. anyway, getting back to the markets, glenn lummie and from the cme michael gurka. and we've been kicking it around, i'd say the european markets being down ten points, it hasn't gotten any better in terms of the prospect. doesn't that indicate if
.s. banks. in terms of the sectors, a little more on the defensive side. consumer staples down the least of some of the major groups. >> kenney, come on in and join the group. bob mentioned the financials. what can happen in europe might eventually happen here in the united states. >> i don't suspect it really koul could happen but it gives investors an excuse to be cautious and take things off the table. we went right to the high and ran right into resistance. again, it gave people a chance to say let me take some money off the table and see where it goes. it's st end of the month. we will go into thursday with a little more to the upside but i don't think we're breaking any highs this week. >> if it really reflects european policy -- >> that's the big question. >> this is a victory for the moral hazard crowd. people claiming that endless bailouts are just wrong. but it introduces a whole new can f worms. >> it doesn't put the issue to sleep. only continues to bring it to the surface. >> what do you bring to the markets today? >> i think the market will end lower. it will churn all day
and built up a cash horde. 92% of their available days this year are covered by more defensive one- to two-year time charter agreements. these things allow the company to hold up much better than it's competitors. even though i think the dry bulk industry might be bottoming, it's still bad enough that i want to stick with the safest player. diana, best of breed. you know how we always like best of breed. nothing's changed in eight years. beyond that looking into 2014, management is somewhat shifted to somewhat shorter duration times. that's good. they think rates are going higher. so they locked in rates when they could, and now they think it's going higher. meanwhile diana's used the weakest in the dry bulk market. buying ships at ultralow prices buying at a time when no one else can. why? because they kept relatively clean balance sheet. company can purchase $900 million worth of ships. and as day rates recover for dry bulk, the value of those ships will increase dramatically. if secondhand ships return to the reversion to the mean, that would be 77% higher than where they are now. so th
that did not like a defense missile, you have to knock one out that is worth $380 million, tell us about it. >> this is just ridiculous, larry, so $380 million in the continuing resolution that was just on the senate floor, over a trillion dollars in spending and yet we have sequester $380 million for a missile to nowhere that the army does not want that will never produce anything. we have already spent $3 billion on it. so my amendment was to strike that wasteful spending and by the way, it has bipartisan support. the democratic chairman of the armed services amendment called it a waste of money. can you believe it in we cannot strike $380 million of wasteful expending and put that money to real use for our troops and that's why -- >> you know, harry reid a accused the sequester of killing the eight marines. this terrible the exercise, reid of all people should want to save money in the pentagon in order to put more money back in training which i may add that the marine corp denied, but the point is, you are up his alley, why is he not behind you on this? >> i agree, if we cannot cut some
in the world. as bristol-meyers is your classic defensive big pharma stock, company is going to keep growing no madder how badly the europeans screw up things because people always need their medicine. frankly, i think it's accelerating its growth. it's time to update this dictum to keep up with the times, old dog, new tricks. the big pharma stocks have been on a real roll lately. i like before it toll myers we owe it for our charitable trust. when i started screaming what that had to do with the price-to-ratios, it was the heyday when the major companies were growth juggernauts and their stocks were valued accordingly. let's take 1998, your typical big pharma stock traded 30 to 40 times earnings. these days they trade in the low teens or even lower. many trade like fixed income vehicles. most of the huge blockbuster drugs from the '90s have gone off patent. they lost that spark of innovation that made their stocks such power houses back in days of yore. so all this week, i want to go where the innovation is. i want to find the companies that could be the next gigantic pharma names. some alr
constantly. so you're always on the defense. i think as far as the banks are concerned, and as far as, you know, what happened on friday with jpmorgan is concerned, it is clear that you have across the aisle, bipartisan support to go after the financials and go after the banks. the banks now being so well capitalized are also a great place to go and try to exact money. exact funds. that's certainly what the consumer finance protection bureau is doing. i think that's what a.g.s are going to do. it will be a steady beatdown. there's nothing going to be as huge as the mortgage clickback. it will be an omnipresent concern. i think that's why you see a certain portion of discount in the stocks. >> it doesn't bother you about bank of america. that's the stock you said is the most owned for 2013? >> all this is factored into bank of america. but bank of america has the most operating leverage of any of these big financials. so, wryeah, it always bothers m. but they have so much stuff in the rear-view mirror as opposed to maybe some other banks. >> what's your take on jpmorgan? i mean, watching th
, with fixodent. the adhesive helps create a food seal defense for a clean mouth and kills bacteria for fresh breath. ♪ fixodent, and forget it. >>> >>> last friday we looked back at the eight best performing stocks since "mad money" went on the air, screening out the ones too small to talk about on television. you know what, two out of the top eight stocks were orphan drug makers, companies that development treatments for ultra rare diseases. i'm a regular daddy war bucks in the biotech sector and tonight i want to talk about an orphan drug player that really worked today. so thrilled we're going to have them on because you could tell from the get-go it is big. nps pharmaceutical, a lead drug for short-bowel syndrome, a rare condition where patients need to be fed intravenously for 10 to 12 hours a day because their intestines cannot properly absorb so they cannot lead normal lives along with another couple interesting drugs. nps is buying back the worldwide marketing rights from at that deada pharmaceutical, approved in europe but controlled the distribution and weren't doing anything wit
weakness in the data, we'll recommend to investors they begin to get more defensive, alternatively, if we see good data, we'll continue to ride the wave of the fed-induced liquidity tsunami. >> all right. we'll be watching. gentlemen, thanks very much. a lot of stuff to get prepared for tomorrow. we'll see you soon. thank you. >>> up next, my observation on what's happening in this market. ♪ [ laughter ] ♪ [ female announcer ] each one of us is our own boss. ♪ and no matter where you are in life, ask your financial professional how lincoln financial can help you take charge of your future. ♪ [ male announcer ] this is a reason to look twice. the stunning lexus es. get great values on your favorite lexus models during the command performance sales event. this is the pursuit of perfection. departure. hertz gold plus rewards also offers ereturn-- our fastest way to return your car. just note your mileage and zap ! you're outta there ! we'll e-mail your receipt in a flash, too. it's just another way you'll be traveling at the speed of hertz. >>> and >>> and finally today, my observati
of the subaccounts particular in the defense department but you're not doing that. you're spending most of that money. associated press reports often years there may be a couple hundred billion dollars of spending cuts but the sequester was 1.2 trillion. you are in effect raising spending and raises taxes are you not? >> the budget closes a lot of corporate loopholes where we've been paying for people who go overseas and create jobs rather than paying to create jobs here at home. i don't think that's what we ought to do. that's one way we come up with the revenue in the budget. we also cut spending in the budget. we cut health care by $275 billion. most important as i said this is a budget that allows us to put those back end spending cuts in a way that allows the my to grow. the fact is none of us think going back into a recession is going to be good long term. what we need to do is make sure we continue to support those areas that help middle class families, that help -- we need to make sure college students can continue in higher education, we need to make sure we protect medicare and what we've s
, traditional defensive stocks. i would stay away from telecom. those valuations have been stretched. utilities also. they have very little rev newspaper growth. you want to avoid that. >> money center banks especially an area for croprofit taking. on average up 20%. superregionals up only 10%. they're cheaper and better managed. >> go for the quality. that's the message. >> a nice place to tie it all up. >> matt and oliver, good to see you both. >>> coming up next, we're coming back with the dance? >> where if you think oliver's 5% to 7% pullback prediction is bad, you haven't heard anything yet. the uberbear, harry dent is back with us. his bloom mgloomy outlook might enough to send investors into hibernation. he's been wrong so far. what's changed? we'll ask him coming up. [ male announcer ] this is a reason to look twice. the stunning lexus es. get great values on your favorite lexus models during the command performance sales event. this is the pursuit of perfection. it's delicious. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet lo
the stock has gone from 76 to 86 presuming every order will go to them and the 787 will fly and the defense sequester will not hurt them. this stock has been a teflon stock. this is a stock that i would not buy and i would sell right here. >> you don't think based on your charts because i know you have this fancy chart there. >> saturday morning. it's what i do. >> that's great. i'm jealous, but if you take a five-year look at boeing, on friday they closed -- closed at five-year highs. some are saying that this is a breakout. rbc raising the price to $10 a share to $94. it's returning. >> can i just say that that stock needs a serious breather? you know what? breathers aren't so bad. these are just, the day when is used to do a lot of charting and i just feel that when i saw boeing's chart i said listen, this one is just right for fall. we get indonesia and we need to see a ryan air with 230 planes ordered right now. >> i was glad to see friday because i pointed out we had the ten-day record going, whatever it was, the only time the dow had risen 14 days in a row was in 1987 so maybe a litt
and defense attorney and they duke it out and then we put. stock in prison. there's like -- we have furloughs -- >> i'm the judge. i can do that. >> i've been calling you the prosecutor lately. but look, there's no grand jury here. thernono grand jury. there are no indictments. there are no convictions. and that's the way this market works. >> i may have a bench trial on this later where i just -- >> i'm going to get a permanent injunction against the sellers. people want to have justice. but fedex should be at $70 if there's justice. caterpillar should be at $70 if there's justice. no, it's not like that. like the bears, cyprus, they have atm problems. jpmorgan should be at $40 because there's justice. there is no justice! >> marry this with this story that's been reported that private ecwift firquity firms ag at mark hurd. does he bring the same hurd premium to a dell that he had brought to oracle or wherever else he went? >> there is such a thing as loyalty. it would really and terrible time -- if he leaves, that's a real -- hey, mark, if you leave, that's a real bad call. >> i would agree
. >> we need a legal defense fund. >> thank you for coming on, and i like stolfus. next time i promise you that i'll get it exactly right. you didn't put your stuff in mothballs yet, did you? >> no. >> no, no. >> how many games will you watch today, do you think? >> none. i watch the highlights after. >> at least you watch the show, unlike some people. make sure you join us monday. "squawk on the street" is next. >>> happy friday. welcome to "squawk on the street." i'm melissa lee with jim cramer and scott wapner. let's take a look at -- up by about 42 in pre-market trade and take a look at the pekture in europe because, of course, a lot is hanging on the situation in cyprus. they're weighing business confidence which fell to a 10-month high and came up better than expectations. overnight in asia, the action ng in the nikkei capping its biggest weekly decline since the month of november. >> no deal with the russians makes monday the deadline for cyprus. one spokesman for the cypriot government saying the next few hours will determine the future of his country. a couple of consumer reads, p
? >> sure. if sequestration hits, we're going to end up with opportunities in certain defense companies. we have completed for some companies we wouldn't mind buying if the price was right. >> so nominated for -- you've been managing money for a decade? >> for two decades. >> okay. in the last decade, what would you think your internal rate of return would be? what do you need to do to get nominated for morning star, do you think? >> i can't remember what the returns were for the decade. some place around 11%, i think. >> per year? >> compounded. >> pretty good. >> impressive. >> what are you trying to -- what are you trying to do? >> that was exactly -- that made that guy's name. you do 11% for 10 years. >> yeah, but his -- the numbers he reported between 9 and 12, averaging at 11. ours was a little bit greater than that. >> you double in six or seven years, right? how about you, you don't have a record. you're like a sell site. thanks, david, and steve will be with us for the rest of the show. we're going to watch him closely. any more of that stuff, we're going to keep an eye on you. >>>
Search Results 0 to 23 of about 24

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